PepsiCo CEO Ramon Laguarta affirmed the company’s partnership with Celsius Holdings as a mutually beneficial arrangement that aligns with their long-term interests and benefits shareholders. Laguarta reiterated the strength of the partnership, emphasizing its role in helping PepsiCo gain scale in the go-to-market approach, especially in channels where volume is essential for economic viability. He highlighted the fast-growing nature of the energy drink category and its profitability, making it a valuable addition to PepsiCo’s portfolio. Laguarta expressed satisfaction with the partnership and indicated their commitment to its continued development. Despite a slight decline in PepsiCo’s stock price during late morning trading, analysts remain optimistic about the company’s future prospects. Morgan Stanley analyst Dara Mohsenian noted the positive earnings report and the easing of headwinds, suggesting that the absence of negative news could support stock valuation in the future.
PepsiCo CEO Affirms Partnership with Celsius Holdings as Mutually Beneficial
